The Internal Revenue Service announced an increase in the optional standard mileage rate for the last six months of calendar year 2011. The new rate will be 55.5 cents per mile, an increase from 51 cents per mile for the first six months of 2011.
In addition, the medical and moving rate will be 23.5 cents per mile, an increase from 19 cents per mile for the first six months of 2011.
The charitable mileage remains at 14 cents per mile.
